EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of obligation and funded status

The following table sets forth the obligation and funded status as of December 31, 2017 and 2016:



(In Thousands)	2017			2016
Change in benefit obligation:
Benefit obligation at beginning of year	$	19,289		$	18,947
Interest cost	756			775
Actuarial loss (gain)	159			139
Benefits paid	(782		)	(800		)
Curtailment gain	—			—
Other, change in actuarial assumptions	1,247			228
Benefit obligation at end of year	$	20,669		$	19,289

Change in plan assets:
Fair value of plan assets at beginning of year	$	15,090		$	14,223
Actual return on plan assets	2,424			910
Employer contribution	750			750
Benefits paid	(782		)	(797		)
Adjustment to fair value of plan assets	4			4
Fair value of plan assets at end of year	17,486			15,090
Funded status	$	(3,183	)	$	(4,199	)

Accounts recognized on balance sheet as:
Total liabilities	$	(3,183	)	$	(4,199	)

Amounts not yet recognized as a component of net periodic pension cost:
Amounts recognized in accumulated other comprehensive income (loss) consist of:
Net loss	$	6,227		$	6,498

Schedule of components of the net periodic cost and other amounts recognized in other comprehensive income (loss)

Components of Net Periodic Cost and Other Amounts Recognized in Other Comprehensive Income (loss) as of December 31, 2017, 2016, and 2015 are as follows:



(In Thousands)	2017			2016			2015
Net periodic pension cost:
Service cost	$	—		$	55		$	64
Interest cost	756			775			757
Expected return on plan assets	(926		)	(989		)	(983		)
Amortization of unrecognized net loss	174			153			159
Net periodic benefit (cost)	$	4		$	(6	)	$	(3	)

Schedule of weighted-average assumptions used to determine benefit obligations and net periodic cost

Weighted-average assumptions used to determine benefit obligations at December 31, 2017, 2016, and 2015:



	2017		2016		2015
Discount rate	3.47	%	3.98	%	4.17	%
Rate of compensation increase	N/A		N/A		N/A

Weighted-average assumptions used to determine net periodic cost for years ended December 31, 2017, 2016, and 2015:



	2017		2016		2015
Discount rate	3.98	%	4.17	%	3.83	%
Expected long-term return on plan assets	7.00	%	7.00	%	7.00	%

Schedule of plan's weighted-average asset allocations by asset category

The Plan’s weighted-average asset allocations at December 31, 2017 and 2016 by asset category are as follows:



Asset Category	2017		2016
Cash	4.96	%	6.54	%
Fixed income securities	11.42	%	9.15	%
Equity	66.90	%	64.79	%
Inflation Hedges/Real Assets	5.82	%	5.55	%
Hedged Strategies	10.90	%	13.97	%
Total	100.00	%	100.00	%

Schedule setting forth by level, within the fair value hierarchy the Plan's assets at fair value

The following table sets forth by level, within the fair value hierarchy detailed in Note 21 - Fair Value Measurements, the Plan’s assets at fair value as of December 31, 2017 and 2016:



	2017
(In Thousands)	Level I		Level II		Level III		Total
Assets:
Cash and cash equivalents	$	868	$	—	$	—	$	868
Mutual funds - taxable fixed income	1,992		—		—		1,992
Mutual funds - domestic equity	9,358		—		—		9,358
Mutual funds - international equity	2,343		—		—		2,343
Inflation Hedges/Real Assets	1,019		—		—		1,019
Hedged Strategies	1,906		—		—		1,906
Total assets at fair value	$	17,486	$	—	$	—	$	17,486



	2016
(In Thousands)	Level I		Level II		Level III		Total
Assets:
Cash and cash equivalents	$	987	$	—	$	—	$	987
Mutual funds - taxable fixed income	1,379		—		—		1,379
Mutual funds - domestic equity	8,944		—		—		8,944
Mutual funds - international equity	835		—		—		835
Inflation Hedges/Real Assets	838		—		—		838
Hedged Strategies	2,107		—		—		2,107
Total assets at fair value	$	15,090	$	—	$	—	$	15,090

Schedule of future benefit payments expected to be paid

The following future benefit payments are expected to be paid:



(In Thousands)
2018	$	838
2019	874
2020	907
2021	898
2022	918
Thereafter	5,249
	$	9,684